Nestlé India

Nestlé India Limited is the Indian subsidiary of Nestlé which is a Swiss multinational company. The company is headquartered in Gurgaon, Haryana. The company's products include food, beverages, chocolate, and confectioneries.[7][2][3]

Nestlé India Limited
TypePublic
ISININE239A01016
IndustryFood processing
Founded28 March 1959 (1959-03-28)
HeadquartersNestle House, Jacaranda Marg, 'M' Block, DLF City, Phase II,
Gurugram, Haryana
,
India[1]
Area served
India
Key people
[2]
Products
[3]
RevenueIncrease ₹15,050 crore (US$1.9 billion)[4] (FY2022)
Increase ₹3,014.11 crore (US$380 million) [4] (FY2022)
Decrease ₹2,137.32 crore (US$270 million) [4] (FY2022)
Total assetsDecrease ₹7,058.20 crore (US$880 million)[5] (2019)
Total equityDecrease ₹1,932.26 crore (US$240 million) [5] (2019)
Number of employees
7,649 [2]
ParentNestlé (62.76%) [2][6]
Websitenestle.in

The company was incorporated on 28 March 1959 and was promoted by Nestle Alimentana S.A. via a subsidiary, Nestle Holdings Ltd.[8][9] As of 2020, the parent company Nestlé owns 62.76% of Nestlé India.[6] The company has 9 production facilities in various locations across India.[10]

History

Nestlé India is one of the largest players in India's fast-moving consumer goods sector and has a long history in the country.[11]

  • Nestlé India Limited was incorporated at New Delhi on 28 March 1959 and was promoted by Nestle Alimentana S.A. via a wholly owned subsidiary, Nestle Holdings Ltd., Nassau, Bahama Islands.[8][9]
  • The company built their first production facility in 1961 at Moga, in the Indian state of Punjab.[7][12]
  • Nestlé's second plant was set up at Choladi in Tamil Nadu, the plant was built primarily to process the tea grown in the area.[7]
  • In 1989, the company established a factory at Nanjangud in Karnataka.[7][9]
  • The company entered the confectionery business in 1990 by introducing Nestlé premium chocolate.[7]
  • In 1991, they started the production of soya based products through a joint venture with the BM Khaitan group.[7]
  • In the year 1995 and 1997 Nestlé established two facilities in Goa at Ponda and Bicholim respectively.[7][9]
  • In April 2000 they entered the liquid milk and iced tea markets.[7]
  • 2006 marked the year when the company set up its 7th factory at Pantnagar in Uttarakhand.[7]
  • The company opened another plant in Karnataka in 2011 bringing up its total plants in India to eight.[7]
  • In October 2020, Nestle India announced investment of Rs. 2,600 crores for a new plant at Sanand in Gujarat. Initial phase of production commenced from 1 October 2021.[13]
  • Nestlé India Limited's market cap as of December 2022 stood at Rs. 1,93,666.87 crore.[14]

Production

Nestlé India currently has 9 manufacturing facilities across India. They are at:[2][7][10]

  1. Moga, Punjab
  2. Samalkha, Haryana
  3. Nanjangud, Karnataka
  4. Choladi, Tamil Nadu
  5. Ponda, Goa
  6. Bicholim, Goa
  7. Pantnagar, Uttarakhand
  8. Tahliwal, Himachal Pradesh
  9. Sanand, Gujarat[15]

Controversy

In June 2015, Nestlé India's instant noodles product 'Maggi Noodles' was banned by the Government of Delhi for a 15 day period after lead and monosodium glutamate in samples of the product were found to be beyond permissible limits.[16][17][18] On 5 June 2015 Maggi noodles were banned nationwide by the Food Safety and Standards Authority of India.[19] The ban was overturned on 13 August 2015 following the Bombay High Court's order and samples of Maggi Noodles were ordered to be retested within 6 weeks by three labs authorized by the National Accreditation Board for Testing and Calibration Laboratories.[20][19][21][22] Nestle was fined ₹45 lakh for the incident by the district administration.[23] Between 5 June 2015 when the noodles were first banned and 1 September 2015, Nestlé recalled 38,000 tonnes of Maggi Noodles from stores and incinerated them at 11 cement plants across India.[24][25] Nestlé eventually cleared the Bombay High Court mandated lab tests and Maggi Noodles were allowed to be manufactured and sold again.[26]

References
  1. "Nestle India > Location Details > Food Processing > Location Details of Nestle India - BSE: 500790, NSE: NESTLEIND". www.moneycontrol.com. Retrieved 24 July 2020.
  2. MarketScreener. "Nestlé India Limited: Shareholders Board Members Managers and Company Profile". www.marketscreener.com. Retrieved 23 July 2020.
  3. India, Nestle. "investors documents" (PDF).
  4. "Nestle India Profit & Loss account, Nestle India Financial Statement & Accounts". www.moneycontrol.com. Retrieved 24 July 2020.
  5. "Nestle India Balance Sheet, Nestle India Financial Statement & Accounts". www.moneycontrol.com. Retrieved 24 July 2020.
  6. "Nestle India Shareholding Pattern". economictimes.indiatimes.com. Retrieved 23 July 2020.
  7. "About Nestle India Ltd | Company information | capitalmarket". www.capitalmarket.com. Retrieved 23 July 2020.
  8. Company profile, Bloomberg. "Nestle India Ltd". Bloomberg News.
  9. "Nestle India History | Nestle India Information". economictimes.indiatimes.com. Retrieved 23 July 2020.
  10. "All 8 Nestle plants under FSSAI scanner". The Indian Express. 8 June 2015. Retrieved 24 July 2020.
  11. "Nestle India Ltd". Business Standard India. Retrieved 24 July 2020.
  12. "Presence Across India". Nestlé. Retrieved 24 July 2020.
  13. "Nestle India Ltd" (PDF). Retrieved 7 October 2021.
  14. "Top 100 stocks by Market Capitalization | BSE Listed stocks Market Capitalization". www.bseindia.com. Retrieved 19 December 2022.
  15. "Nestle India Ltd" (PDF). Retrieved 7 October 2021.
  16. "Maggi Controversy: Why it is being banned in India?". India Today. 3 June 2015. Retrieved 26 July 2020.
  17. Jha, Durgesh Nandan (4 June 2015). "Trouble mounts for Maggi: Delhi govt bans sale for 15 days". The Times of India. Retrieved 26 July 2020.
  18. Guest, Forbes. "When It Comes to Putting Out Fires, Nestlé India's Suresh Narayanan Is No Novice". Forbes. Retrieved 26 July 2020.
  19. Kazmin, Amy; Brundsen, Jim (13 August 2015). "India court overturns Nestlé Maggi noodles ban". Financial Times. Retrieved 26 July 2020.
  20. "Nestlé's Half-Billion-Dollar Noodle Debacle in India". Fortune. Retrieved 26 July 2020.
  21. "Ban on Maggi: High Court lifts ban, orders fresh tests within 6 weeks". The Indian Express. 14 August 2015. Retrieved 26 July 2020.
  22. Thomas, Shibu (13 August 2015). "Relief for Nestle, Bombay HC sets aside food regulator's ban on Maggi". The Times of India. Retrieved 26 July 2020.
  23. "Maggi controversy: Between 2015 and now". The Indian Express. 29 November 2017. Retrieved 26 July 2020.
  24. Mitra, Sounak (15 February 2017). "The Maggi ban: How India's favourite two-minute noodles lost 80% market share". Livemint. Retrieved 26 July 2020.
  25. Comcowich, William (4 October 2018). "PR Crisis Management Lessons from the Nestlé Maggi Noodle Controversy". glean.info. Retrieved 26 July 2020.
  26. "Maggi clears Bombay HC mandated lab tests: Nestle India". The Indian Express. 17 October 2015. Retrieved 26 July 2020.
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